wto

Azerbaijan may join the WTO if oil prices continue to remain low

Azerbaijan may join the WTO if oil prices continue to remain low Azerbaijan is preparing for the next meeting of the working groups on the country’s admission to the World Trade Organization (WTO). Azerbaijani Deputy Foreign Minister Mahmud Mammadguliyev informs that the meeting of the working groups will take place in Geneva from 19 to […]

About CESD

The Center for Economic and Social Development is a leading independent economic think tank in Azerbaijan. It's mission is to promote research and analysis of socio-economic issues in order to positively influence the public policy decision-making process.

News

oil_fund

Azerbaijani oil income declined by about 2.0 times

Azerbaijani oil income declined by 2.0 times The State Customs Committee of Azerbaijan Republic has reported that Azerbaijani oil export was $2.315 billion US for Jan-May 2016 versus $4.035 billion US for the same period in 2015. The official statistics show that Azerbaijan oil export declined by 1.74 times in the first five months of […]

valyuta_deyishme_menteqesi

How long will the dollar continue to appreciate against the manat?

How long will the dollar continue to appreciate against the manat? Recently, the frequently asked questions are mostly related to the causes of the depreciation of the manat and at what level and how long the dollar may appreciate. If 149 manat was needed in order to purchase 100 dollars on 25th of May, more […]

debt_02

Foreign Debt in Azerbaijan to widen on low oil prices

Foreign Debt in Azerbaijan to widen on low oil prices Foreign state debt of Azerbaijan amounted to 7,449 billion US dollars (11,4867 billion manat) as of April 1, 2016. The ratio of external debt to GDP ratio is 21.0 %. According to the Ministry of Finance of Azerbaijan, debt structure includes direct obligations of the […]

azerbaijan_economy

Is the 2016 Economic Growth Forecast Realistic?

Is the 2016 Economic Growth Forecast Realistic? The World Bank has adjusted its economic growth forecast for Azerbaijan. The Bank forecasts a negative economic growth (decline) by 1.9% to Azerbaijan this year against January’s expectation of positive growth at 0.8%. As a consequence, the forecast of growth for 2017 was revised down from +1.2% to […]